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2 years ago

List five steps of the budget process

Business

1 answer:

tatuchka [14]2 years ago

4 0

Answer:

1)The President submits a budget request to Congress

2)The House and Senate pass budget resolutions

3)House and Senate Appropriations subcommittees "markup" appropriations bills

4)The House and Senate vote on appropriations bills and reconcile differences

5)The President signs each appropriations bill and the budget becomes law

Explanation:

I put the five federal budget process steps. Hope this helps :)

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A consumer electronics company was formed to develop cell phones that run on or are recharged by fuel cells. The company purchas

rodikova [14]

Answer:

a) $5, 764,000

b) $1, 959,000

Explanation:

The first part of the question is to determine the taxable income of the company

The taxable income - The company's gross income - The Capital Expenditures - The Depreciation expenses for capital expenditure

= $8,500,000 - $2,280,000 - $456,000

= $5,764,000

Part B) This is to determine the Federal Income Taxes for the year

Looking at the income tax distribution tab, we first check where the company falls into

Since, the company has a taxable income of $5,764,000, it falls in the category of

$335,000 to $10,000,000= $113,900 + 34% of the amount over $335,000

As such, the Federal Income Tax

= $113,900 + ($5,764,000- $335,000) x 34%

= $113,900 + $1, 845,000

= $1, 959,000

8 0

3 years ago

________ is the difference between the prospective customer's evaluation of all the benefits and all the costs of an offering an

inessss [21]

Answer:

D. Customer-perceived value

Explanation:

Customer-perceived value -

It refers to the method of marketing , where the needs and wishes of the consumers are considered to be very important for the good and services to be successful , is referred to as customer - perceived value .

As when the company creates any product , the likes and dislike of the consumers are always given the priority , in order to get the best results .

Hence , from the given information of the question ,

The correct option is D. Customer-perceived value .

8 0

3 years ago

Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at Group of answer choices prices

Yakvenalex [24]

Answer:

the equilibrium price but not above or below the equilibrium price.

Explanation:

At equilibrium price, quantity demanded equals quantity supplied. At this point, buyers are able to buy all they want to buy and sellers are able to sell all they want

Above equilibrium price, there would be a surplus. the quantity supplied would exceed the quantity demanded. Sellers would not be able to sell all they want in this case

Below the equilibrium price, there would be a shortage. the quantity demanded would exceed the quantity supplied. buyers would not be able to buy all they want

8 0

3 years ago

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own man

Ilya [14]

Answer: Please see explanation for answers.

Explanation.

SW=Snowmobile

Given:

SM ATV Combined SM ATV Combine

Budget | Actual

Raw materials $19,990 $28,000 $47,990 $19,920 $29,320$49,240

Employee wages 10,900 21,000 31,900 11,210 21,740 32,950

Dept. manager salary 4,800 5,700 10,500 4,900 4,900 9,800

Supplies used 3,850 1,400 5,250 3,670 1,420 5,090

Depreciation- Equip. 6,500 13,000 19,500 6,500 13,000 19,500

Utilities 410 590 1,000 380 550 930

Rent 6,200 6,800 13,000 5,800 6,800 12,600

Totals $52,650 $76,490 $129,148 $52,380 $77,730 $130,110

A responsibility accounting performance report is a budget that makes comparison of actual and budgeted amounts under the controlled costs in a department .Here utilities and rent costs cannot be controlled so will not be included.

Responsibility accounting report for the snowmobile department.

Budgeted Actual Over/Under Budget

Controlled costs

Raw materials 19,990 19,920 -70

Employee wages 10,900 11,210 310

Dept. manager salary4,800 4,900 100

Supplies used 3,850 3,670 -180

Depreciation- Equip.6,500 6,500 0

Total 46,040 $46,200 160

Calculations .

Over/Underbudget = Actual - Budgeted amount.

Raw materials =19,920-19990= -70

Employee wages 11,210-10,900= 310

Dept. manager salary4,900-4800=100

Supplies used 3,670-3850= -180

Depreciation- Equip.6,500 -6,500 =0

3 0

3 years ago

Because of the wealth effect, a rising aggregate price level _____ the purchasing power of wealth and therefore _____ the aggreg

Tems11 [23]

Because of the wealth effect, a rising aggregate price level "reduces" the purchasing power of wealth and therefore "reduces" the aggregate quantity of output demanded.

<h3>What is wealth effect?</h3>

According to the wealth effect, a behavioural economic hypothesis, customers will spend more money even if their income stays the same.

The effect of wealth effect on aggregate demand is-

People will increase their consumption as their wealth rises. Thus, at lower price levels compared to higher price levels, the consumption component of aggregate demand will be stronger.
A person's desire for inexpensive fast food is likely to decline as their income rises, but their desire for more costly steak may increase.

To know more about the aggregate demand and aggregate supply, here

brainly.com/question/25749867

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6 0

2 years ago